Zip 56586 (Underwood, MN) Housing

The housing market in Underwood, MN (56586) is currently showing signs of growth. The median value of homes in the area is $286,300, which is lower than the US median house value of $338,100. However, the appreciation rate over the last year has been 8.21%, which is just slightly lower than the US 1 year house appreciation rate of 8.27%. This suggests that the housing market in Underwood is experiencing healthy growth and should continue to do so for some time.

The median home cost in Underwood (zip 56586) is $286,300. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Underwood (zip 56586) is up 13.6%.

Average Age of Homes

- The median age of Underwood (zip 56586) real estate is 38 years old

The Rental Market in Underwood (zip 56586)

- Renters make up 6.0% of the Underwood (zip 56586) population
- 0.0% of houses and apartments in Underwood (zip 56586), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Underwood, Minnesota	United States
	1,308.0	139,647,020.0
	37	42
	$286,300	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$7.01	$10.98
	$1,736	$2,690
	56.3%	57.4%
	37.8%	11.2%
	5.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.8%	0.4%
	33.4%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.8%	2.4%
	1.5%	2.8%
	3.7%	3.9%
	4.6%	4.5%
	9.6%	11.3%
	13.9%	13.0%
	33.0%	20.1%
	14.0%	13.6%
	9.0%	8.3%
	7.5%	9.7%
	0.4%	3.9%
	0.7%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.6%	13.6%
	19.6%	13.6%
	16.1%	13.6%
	10.4%	13.2%
	10.5%	14.8%
	16.1%	13.6%
	5.2%	10.0%
	1.9%	4.7%
	18.9%	12.2%

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